Bontempo Ohly Capital Mgmt LLC Invests $2.74 Million in McDonald's Corporation $MCD

Key Points

• Bontempo Ohly Capital Management has acquired a new stake in McDonald's Corporation, purchasing 8,757 shares valued at approximately $2,735,000, making it the firm's 26th largest position.
• Recent analyses from various equities analysts have upgraded their target prices for McDonald's, with a consensus rating of "Hold" and an average price target of $325.14.
• McDonald's has reported a successful quarter with earnings per share of $3.19, exceeding analysts' expectations and a year-over-year revenue increase of 5.4%.

Bontempo Ohly Capital Mgmt LLC acquired a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,757 shares of the fast-food giant's stock, valued at approximately $2,735,000. McDonald's makes up approximately 1.3% of Bontempo Ohly Capital Mgmt LLC's holdings, making the stock its 26th largest position.

Several other hedge funds have also modified their holdings of MCD. WealthPlan Investment Management LLC raised its holdings in McDonald's by 0.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after purchasing an additional 32 shares during the period. Granite Bay Wealth Management LLC increased its position in shares of McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after buying an additional 33 shares in the last quarter. CVA Family Office LLC raised its stake in shares of McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after buying an additional 33 shares during the period. Consilium Wealth Advisory LLC lifted its position in shares of McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after buying an additional 33 shares in the last quarter. Finally, Security Financial Services INC. grew its stake in McDonald's by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after acquiring an additional 33 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the transaction, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at $2,160,270. The trade was a 12.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,341 shares of company stock valued at $2,544,327 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

McDonald's Stock Performance

Shares of MCD stock traded down $2.94 during trading hours on Friday, reaching $305.49. The company had a trading volume of 2,072,499 shares, compared to its average volume of 2,771,965. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The company has a market capitalization of $218.00 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.11 and a beta of 0.49. The stock has a fifty day moving average of $305.33 and a 200-day moving average of $306.57.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.97 earnings per share. On average, analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio is currently 60.67%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MCD shares. Evercore ISI increased their price objective on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target on the stock in a research note on Thursday, July 10th. Stifel Nicolaus boosted their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research note on Friday, August 22nd. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and decreased their target price for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $325.14.

About McDonald's

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.